HONEY LYN C.

PARAS
SST-I
DAVAO DEL SUR SCHOOL OF FISHERIES

LESSON PLAN FOR GENERAL MATHEMATICS (QUARTER 2 MODUEL 1: WEEK 1-2)

I. OBJECTIVES
At the end of the period, the students are be able to:
1. Illustrate simple and compound interests (M11GM-IIa-1);
2. Distinguishes between simple and compound interests (M11GM-IIa-2);
3. Computes interest, maturity value, future value, and present value in simple and
compound interest environment (M11GM-IIb-1); and
4. Solve problems involving simple and compound interests (M11GM-IIb-2)

II. LESSON
A. Subject Matter:
Topic: SIMPLE AND COMPOUND INTEREST

B. Resources/References:
Internet/Sefl Learning Module

C. Material:
Laptop Activity Sheets
DLP

III. PROCEDURE:

A. Preliminaries
1. Prayer
2. Greetings
3. Classroom Setting
4. Drill
ICE BREAKER
- Voltes V dance
PRE-TEST

Let us check how much you know about simple and compound interest.
Multiple Choice - Directions: Choose the letter of the best answer. Write your
answer on a separate sheet of paper.
1) It refers as the duration of the loan.
a. balance c. time
b. rate d. value
2) Which of the following formula is used to calculate simple interest amount?
a. I = Prt c. S = P – I
b. F = P + I d. A = P(1+rt)
3) Which should be used to compute the amount to be paid in the future?
a. I = Prt c. S = P – I
b. F = P + I d. R = r(100)
4) Find the simple interest amount if P6000.00 was deposited from 16 May 2020 to 16
October 2020 at 10% per annum.
a. Php 240 c. Php 250
b. Php 245 d. Php 255
HONEY LYN C. PARAS
SST-I
DAVAO DEL SUR SCHOOL OF FISHERIES

5) Ben deposits P15000 in his account that offers 8% interest compounded quarterly. After 5
years, how much total money would be in his account?
a. Php 22, 289.21 c. Php 24, 670.50
b. Php 22, 500.50 d. Php 24, 059.50

5. Review

Before we proceed to simple and compound interest, let’s go back to where we start.

1. SIMPLE INTEREST refers to the easy tool or basic formula for calculating interest earned
or paid on a certain balance in one period.
2. COMPOUND INTEREST refers to the method of calculating interest periodically.
3. The original sum of money borrowed in a loan or put into an investment is called PRINCIPAL.
4. The amount charged to the principal loan, expressed as a percentage is called RATE.
5. The INTEREST is the charge for the privilege of borrowing money or income from money lent.

6. Motivation - Case Analysis

Case 1 Case 2
Mr. Lee wants to invest P100, 000 Mr. Sy wants to put up P100, 000
in a company that offers 4% in a business firm that charges 4%
interest. How much will he gain compounded semi-annually. How
after 5 years? much will he profit after 5years?
Questions to ponder:

1. Who among the two businessmen will gain more? __________________

2. Which case is simple and compound interest? _____________________

3. Can you tell the answer right away? If not. Continue reading and let’s get back on this after.

B. Lesson Proper

B.1. Activity – Individual Work Approach

 Let the students perform the things in the attached Activity Sheet 1.
 Each student should present submit his/her output.
 Activity is worth 50 points and the group to complete the table earlier will be given an
extra point.

B.2. Analysis

Directions: You encountered a lot of concepts related to compound interest.

Now it’s time to pause for a while and reflect to your learning process by
answering the questions below

1. Differentiate simple and compound interest.

2. Discuss difficulties in answering the activities.

HONEY LYN C. PARAS
SST-I
DAVAO DEL SUR SCHOOL OF FISHERIES
3. What is 1 thing you want to clarify immediately?

B.3. Abstraction:

Direction: Use the diagram below as you fill in your answers.

TWO BASIC TYPES OF

INTEREST

1. 2.

Definition: Definition

Formulas: Formulas:

Create your own problem: Create your own problem:

B.4. Application:

Problem Solving

 Let the students read, analyze and solve the given problem.
 Let the students perform the attached Activity Sheet 2.
 Activity is worth 50 points

IV. EVALUATION:

Let us check how much you have learned after all the activities.
Multiple Choice - Directions: Choose the letter of the best answer. Write your
answer on a separate sheet of paper.
1. It refers to the charge for the privilege of borrowing money or income from money lent.
a. interest c. money
b. investment d. principal
2. Original sum of money borrowed in a loan or put into an investment is called ______.
a. interest c. value
b. principal d. lump sum
3. It is the amount of the approved loan after deducting interest in advance from the principal.
HONEY LYN C. PARAS
SST-I
DAVAO DEL SUR SCHOOL OF FISHERIES
a. investment c. future value
b. principal d. present value

4. It refers to the easy tool or basic formula for calculating interest earned or paid on a certain
balance in one period.
a. principal c. simple interest
b. rate d. compound interest
5. It refers to the amount charged expressed as a percentage.
a. balance c. rate
b. investment d. value
6. It refers as the duration of the loan.
a. balance c. time
b. rate d. value
7. Which of the following formula is used to calculate simple interest amount?
a. I = Prt c. S = P – I
b. F = P + I d. A = P(1+rt)
8. Which should be used to compute the amount to be paid in the future?
a. I = Prt c. S = P – I
b. F = P + I d. R = r(100)
9. Find the simple interest on P6000 from 16 May 2020 to 16 October 2020 at 10% per annum.
a. Php 240 c. Php 250
b. Pph 245 d. Php 255
10. Ben deposits P15000 in his account that offers 8% interest compounded quarterly. After 5
years, how much total money would be in his account?
c. Php 22, 289.21 c. Php 24, 670.50
d. Php 22, 500.50 d. Php 24, 059.50

V. ASSIGNMENT:

Fill in the Missing Value

Direction: Analize the given figures in the table and fill in the missing value in the
table below.

Principal (P) Interest Number of Time (t) Future Interest (I)

Future Value (F) Rate (r)
Interest Computation
Number of (n) Time (t) Value (F)
Present Interest (I)
Rate (r) Computation (n) Value (S)
P48, 000 4% 2 4 years

P5, 000 3%
2% 1
12 51 years 15, 500

P60, 000 8%
2.25% 44 10
3 years 25, 500

P10, 000 4% 4 5

NAME OF STUDENT: __________________________________ SECTION:_______

Activity Sheet 1
Individual Work Assessment
HONEY LYN C. PARAS
SST-I
DAVAO DEL SUR SCHOOL OF FISHERIES

 Let the students perform the things in the attached Activity Sheet 1.
 Each student should present submit his/her output.
 Activity is worth 50 points and the group to complete the table earlier will be given an
extra point.

Identification
Directions: Identify whether the given problem is simple or compound interest.
1. Sylvanna puts an amount of P10, 000 in a money market fund that offer 4% interest rate
compounded semi-annually for 2 years. What is the future value? How much would be the
interest amount?

2. When Mr. Diga was 20 years old he invested in a business company that pays 5%
compounded annually. He will receive a compounding amount of P25, 000 when he reaches 28
years old. How much did he originally invest? What would be the amount of interest?

Analyzing Problem
Directions: Analyze the given problem carefully and answer the questions to
ponder.
Car loans are amortized monthly, which means that a portion of
the loan goes to pay the outstanding loan balance every month,
and the remainder goes toward the interest payment. As the
outstanding loan balance diminishes every month, the greater
part of the monthly amortization goes toward the principal
repayment.

For example:
Assume you have a car loan for P1, 040, 000 at 4% simple interest payable
in 5 years. You want to determined your monthly amortization.

Given: P =1, 040, 000 r = 4% or 0.04 t = 5years

Solution:

I = Prt
I = (1,040,000) (0.04) (5)
I = 280, 000 Total interest in 5 years is P280, 000

F=P+I
F = 1,040,000 + 208,000
F = 1, 248, 000 Total amount payable in 5 years is P1, 248, 000

To determine the monthly amortization, note the 5 years is equivalent to 60

months

= 20, 800 You will pay P20, 800 pesos per month

Questions to ponder
1. If you were to pay it in less than 5 years, what do you think will happen to the interest
amount and monthly amortization?
2. If the company will require 5% down payment from the principal amount, will it affect your
monthly amortization? Why?

NAME OF STUDENT: __________________________________ SECTION:_______

Activity Sheet 2

Problem Solving
HONEY LYN C. PARAS
SST-I
DAVAO DEL SUR SCHOOL OF FISHERIES

 Let the students read, analyze and solve the given problem.
 Let the students perform the attached Activity Sheet 2.
 Activity is worth 60 points

Directions: Read and analyze each problem carefully, then do what is asked each
item.
1. A credit cooperative approved Jenny’s loan amounting to P10, 500. She wants to pay it in 2
years with a rate of 5%.

Questions:
a. How much is the interest of her loan?
b. What amount will she pay back to the lending company?
c. What if Jenny decided to pay the loan in 10 months, how much is the interest of her loan?
What is the future value?

2. Your friend borrows P10, 000 from a lending company that charges 4% simple interest rate
per annum deducted in advance and decided to pay it within 1 year. How much is the interest
amount? What is the preset value of her loan?
HONEY LYN C. PARAS
SST-I
DAVAO DEL SUR SCHOOL OF FISHERIES
3. Mr. Dela Rosa made a deposit of P30,000 into his credit union’s retirement account when
he was 20 years old. The account has a rate of 4% compounded quarterly. If Mr. Dela Rosa
checks this retirement account when he reaches 65 years old. How much will he have
earned in interest? What will be the sum amount in his credit union retirement account?
HONEY LYN C. PARAS
SST-I
DAVAO DEL SUR SCHOOL OF FISHERIES

NAME OF STUDENT: __________________________________ SECTION:_______

GENERAL MATHEMATICS
SIMPLE AND COMPOUND INTEREST
Pre-Test

Multiple Choice - Directions: Choose the letter of the best answer. Write your
answer on a separate sheet of paper.

1. It refers as the duration of the loan.

a. balance c. time
b. rate d. value
2. Which of the following formula is used to calculate simple interest amount?
a. I = Prt c. S = P – I
b. F = P + I d. A = P(1+rt)
3. Which should be used to compute the amount to be paid in the future?
a. I = Prt c. S = P – I
b. F = P + I d. R = r(100)
4. Find the simple interest on P6000 from 16 May 2020 to 16 October 2020 at 10% per annum.
a. Php 240 c. Php 250
b. Pph 245 d. Php 255
5. Ben deposits P15000 in his account that offers 8% interest compounded quarterly. After 5
years, how much total money would be in his account?
c. Php 22, 289.21 c. Php 24, 670.50
b. Php 22, 500.50 d. Php 24, 059.50